Financial Analyst - Corporate Costing

Regions•Birmingham, AL

5d•$70,630 - $92,760•Onsite

About The Position

At Regions, the Financial Analyst gathers, organizes, analyzes, and communicates relevant financial information in support of line of business partners. The Regions’ Corporate Costing and Analytics team is a highly collaborative and innovative group of people who leverage their talents and skills to provide a superior product to our Finance and Business constituents. The team is responsible for delivering actionable multi-dimensional insights to all Lines of Business and Support areas for Budget, Actual and Forecast scenarios. While each teammate has their specific role and responsibilities, to be successful we leverage the complementary skills each teammate possesses which allows for interactive dialog, problem solving and ideation.

Requirements

Master's degree in Finance, Accounting, or a directly related field and one (1) year of experience with management financial reporting
Or Bachelor's degree in Accounting, Finance, or a directly related field and three (3) years of experience with management financial reporting
Excellent communication and technical skills are required to meet the requirements of the position.
Applicants for this position must be currently authorized to work in the United States on a full-time basis.

Nice To Haves

Experience within a financial services industry
Basic Visual Basic for Application (VBA) and Structured Query Language(SQL) skills
Intermediate financial analysis & modeling skills
Intermediate knowledge of financial statements
Moderate Qlik skills
Strong attention to detail
Strong Essbase skills
Strong PowerPoint and Excel skills
Strong quantitative and technical aptitude
Strong verbal and written communication skills
A robust knowledge across the breadth of banking is preferred with an emphasis on expense analysis, business processes and process modeling, budgeting and forecasting, and analysis of processing results.
Expert level Excel 365 skills (index, match, arrays, v and x functions, pivot tables, charts, VBA, complex nested functions), Oracle Hyperion Essbase.
Mid-level SQL coding capabilities for Oracle, SQL Server, Data Lake and other database platforms which serve as data repositories for transactional volumes, financial, and profitability information for cost processes and cost results.
Ability to work with large volumes of data using appropriate tools (Management Studio, SQL Developer, QLIK, Tableau) to create consumable business information and insights.
Functional capabilities using/programming BI Tools (Tableau, Qlik, Power BI, etc.)

Responsibilities

Analyzes, consolidates, interprets, and communicates financial data
Prepares detailed reports and presentations for review by all levels of management
Monitors business unit financial performance against plans, forecasts, and budgets
Consolidates a wide range of operating and financial projections for the development of both short-term and long-term business plans
Assists with junior analyst training and development
Offers advice and guidance to junior analysts on occasion, assisting in the development of necessary skills and promote continuous improvement initiatives
Works independently and receives minimal guidance
General understanding of Support Cost (aka Support Expense) results and how the Cost Team transforms Direct NIE into Support Costs.
Cost Studies: Perform new studies, updates, and maintenance. Monitor charges/recoveries, perform variance analysis, and business analytics.
General Financial Manager and Financial Analyst support with Line of Business partners.
Monitoring of changing organizational and expense account hierarchies via monthly RDMWG (Reporting Dimension Management Working Group).
Support of annual budget process: defining study group/area hierarchies, defining Direct Non-Interest Expense (DNIE) pools, confirming volume assumptions, aligning shared service (HR, Technology, Facilities, Cyber Security) expense pools to appropriate study groups, pushdown validation, and results validation.
Support of monthly actual processing via multiple validations: volumes, rate times volume, recoveries/residual, and checking for backdated entries.
Support of multiple forecast processing cycles: similar to budget process with a minimal turnaround time.
Utilization of BI Tools (primarily Excel, SQL Developer, Essbase, and Qlik) to support aforementioned responsibilities.